Agora (API) Gross Margin (2019 - 2025)
Agora's (API) quarterly Gross Margin came in at 65.07% in Q4 2025, down 154.0% year-on-year from 120.5% in Q4 2024, and down 1.34% quarter-over-quarter from 65.96% in Q3 2025.
Agora (API) Gross Margin (2019 - 2025) Analysis & Trends
Agora has disclosed Gross Margin across 7 years of filings, most recently posting 65.07% for Q4 2025.
- Gross Margin for Q4 2025 came in at 65.07%, down 154.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 66.4% (up 228.0% YoY), and the FY2025 annual result was 66.4%, up 228.0% from the prior year.
- Gross Margin came in at 65.07% for Q4 2025 at Agora, down from 65.96% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 68.03% in Q1 2025 to a low of 58.1% in Q1 2021.
- The 5-year median for Gross Margin is 63.12% (2021), against an average of 63.51%.
- Across the five-year window, Gross Margin plunged 1073 bps in 2021 and soared 679 bps in 2025, its largest moves.
- Agora's Gross Margin stood at 62.96% in 2021, then dropped by 3 bps to 60.8% in 2022, then rose by 3 bps to 62.9% in 2023, then increased by 6 bps to 66.61% in 2024, then slipped by 2 bps to 65.07% in 2025.
- The last three Gross Margin figures came in at 65.07% (Q4 2025), 65.96% (Q3 2025), and 66.76% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Agora | 1.57 Bn | 1.41 Bn | 24.83 Mn | 65.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 65.07% |
| Sep 30, 2025 | 65.96% |
| Jun 30, 2025 | 66.76% |
| Mar 31, 2025 | 68.03% |
| Dec 31, 2024 | 66.61% |
| Sep 30, 2024 | 66.67% |
| Jun 30, 2024 | 62.05% |
| Mar 31, 2024 | 61.25% |
| Dec 31, 2023 | 62.90% |
| Sep 30, 2023 | 64.03% |
| Jun 30, 2023 | 63.27% |
| Mar 31, 2023 | 62.69% |
| Dec 31, 2022 | 60.80% |
| Sep 30, 2022 | 59.41% |
| Jun 30, 2022 | 64.93% |
| Mar 31, 2022 | 62.39% |
| Dec 31, 2021 | 62.96% |
| Sep 30, 2021 | 65.16% |
| Jun 30, 2021 | 61.08% |
| Mar 31, 2021 | 58.10% |